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Going to Extremes

Appraisal Buzz

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Valuation for insurance claims. Tax implications for final probate.

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Understanding the Math of Profitable Investment Properties

Eppraisal

These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues. Be sure to factor in all associated costs, including mortgage interest, property taxes, and insurance. Additionally, factor in a contingency for unforeseen expenses.

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract. Inspections are an expense that is paid by the buyer. Due Diligence: What Is it?

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Say What? Home-Buying Lingo You Should Know

Zillow

American Society of Home Inspectors (ASHI) : A not-for-profit professional association that sets and promotes standards for property inspections and provides educational opportunities to its members. Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur.

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What’s Included in Closing Costs?

PennyMac

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. State laws will usually dictate who is legally responsible for overseeing the closing. FHA Mortgage Insurance Premium. This premium payment is separate from your monthly mortgage insurance payments.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

For example, typical annual costs include things like: Insurance. He agrees that new real estate investors need to think of rental property as a long-term investment and that they must educate themselves about legal issues they’ll likely face as a real estate lessor, particularly if you’re interested in multifamily properties.